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Shell outlines radical scenario for world that has cured climate change

|By: , SA News Editor
  • Royal Dutch Shell (RDS.A, RDS.B) today outlined a scenario by 2070 that includes the use of far less oil as cars become electric, development of a major carbon storage industry and a transportation shift toward a reliance on hydrogen as an energy carrier.
  • Shell’s Sky scenario is designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold global warming to “well below” a rise of 2 degrees Celsius above pre-industrial levels; the world’s consumption of oil would rise through 2025 before starting to decline in the 2030s and fall below current levels in 2040.
  • The company stresses that Sky is only a scenario – a possible future dependent upon many assumptions – not a reality that definitely will be realized.
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